Google’s recent push into travel bookings has significant implications for the two big online travel agencies i.e. Booking Holdings and Expedia Group. Listen to our 2019 OTA outlook in light of recent developments.
Successful marketplaces bring together sellers and plenty of buyers. Corporate travel managers could play a key role in bringing blockchain to the online distribution mainstream.
Mobile bookings made by Spanish tourists has experienced triple-digit growth during the third quarter of 2015. Other data show that the average length of stay in the Spanish hotels booked via mobile is 2.7 nights; Russian travelers who book through these devices stay an average of 3.9 nights, ranking first in length of stay, followed by the Irish and Italian, with 3.8 nights in both cases. Spanish tourists averaged two nights stay when managing their room via mobile device.
The investment firm of billionaire George Soros has agreed to spend up to US $300 million in Fën Hotels, an Argentinian hotel chain, in a vote of confidence in a region that has been affected by slow economic growth and waning investor interest. Soros's investment will help fund up to 5,000 new hotel rooms in Peru, Chile, Ecuador, Argentina and other South American countries in the next three years.